The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Financial And Insurance Activities Insurance, Reinsurance And Pension Funding, Except Compulsory Social Security 65 - Insurance, reinsurance and pension funding, except compulsory social security
236 jobs Number of planned job creations
Announcement Date
10 May 2013
Employment effect (start)
1 June 2013
Foreseen end date
31 August 2013
Description
Insurance company Admiral has announced plans to create 236 new jobs in South Wales. The new positions will be in sales, customer service and policy renewals and they will be created over the next three months at locations in Cardiff, Newport and Swansea. The announcement comes after a 15% rise in annual profits to £345m in March.
Plans for next year include Admiral moving into its new headquarters in Cardiff city center and to a new office in Newport's Cambrian Centre.
Eurofound (2013), Admiral, Business expansion in United Kingdom, factsheet number 75363, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75363.
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